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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating Revenues:        
Operating Revenues $ 816 $ 811 $ 1,736 $ 1,657
Operating Costs and Expenses:        
Marketing purchases 265 253 520 504
Operating expenses 193 164 382 311
General and administrative expenses 59 58 114 108
Restructuring charges 18   18  
Depreciation, depletion and amortization 142 123 285 229
Taxes, other than income taxes 15 25 38 51
Total Operating Costs and Expenses 692 623 1,357 1,203
Operating Income 124 188 379 454
Interest Expense:        
Interest on debt 59 59 124 117
Other interest charges 2 3 4 5
Interest capitalized (29) (28) (57) (56)
Total Interest Expense 32 34 71 66
Gain (Loss) on Derivatives (36) 134 (43) 250
Loss on Early Extinguishment of Debt (8) (10) (8) (11)
Other Income, Net 3 6 2 8
Income Before Income Taxes 51 284 259 635
Provision (Benefit) for Income Taxes:        
Current
Deferred
Total Provision (Benefit) for Income Taxes
Net Income 51 [1] 284 259 [1] 635
Mandatory convertible preferred stock dividend 27   54
Participating securities - mandatory convertible preferred stock 33 2 76
Net Income Attributable to Common Stock $ 51 $ 224 $ 257 $ 505
Earnings Per Common Share:        
Basic $ 0.09 $ 0.45 $ 0.45 $ 1.02
Diluted $ 0.09 $ 0.45 $ 0.44 $ 1.02
Weighted Average Common Shares Outstanding:        
Basic 581,159,200 496,419,815 576,255,744 494,753,391
Diluted 582,878,106 498,224,599 578,222,740 496,627,843
Gas Sales [Member]        
Operating Revenues:        
Operating Revenues $ 407 $ 471 $ 947 $ 974
Oil Sales [Member]        
Operating Revenues:        
Operating Revenues 44 23 79 46
NGL Sales [Member]        
Operating Revenues:        
Operating Revenues 75 37 140 77
Marketing [Member]        
Operating Revenues:        
Operating Revenues 265 250 518 503
Gas Gathering [Member]        
Operating Revenues:        
Operating Revenues 24 $ 30 48 $ 57
Other [Member]        
Operating Revenues:        
Operating Revenues $ 1   $ 4  
[1] In 2018, deferred tax activity incurred in other comprehensive income was offset by a valuation allowance.